Minneapolis/St. Paul, Minnesota prices: $2,700,000,000 in 1995 $5,507,485,714.29 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($2,700,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $2,807,485,714.29 difference in value).

Between 1995 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.49% per year. This rate of change indicates significant inflation. In other words, $2,700,000,000 in Minneapolis/St. Paul in the year 1995 would cost $5,507,485,714.29 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1995: Pricing changed by 2.37%, which is below the average yearly change in Minneapolis/St. Paul during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), inflation in Minneapolis/St. Paul was lower.

Price Inflation in Minneapolis-St Paul, Minnesota since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

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Buying power of $2,700,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,700,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$2,700,000,000.002.37%
1996$2,790,000,000.003.33%
1997$2,854,285,714.292.30%
1998$2,907,551,020.411.87%
1999$2,999,387,755.103.16%
2000$3,124,285,714.294.16%
2001$3,241,836,734.693.76%
2002$3,298,775,510.201.76%
2003$3,355,714,285.711.73%
2004$3,451,224,489.802.85%
2005$3,546,734,693.882.77%
2006$3,603,673,469.391.61%
2007$3,696,373,469.392.57%
2008$3,838,004,081.633.83%
2009$3,818,369,387.76-0.51%
2010$3,888,881,632.651.85%
2011$4,028,675,510.203.59%
2012$4,122,716,326.532.33%
2013$4,202,651,020.411.94%
2014$4,261,463,265.311.40%
2015$4,234,904,081.63-0.62%
2016$4,300,622,448.981.55%
2017$4,394,185,714.292.18%
2018$4,499,430,612.242.40%
2019$4,593,783,673.472.10%
2020$4,646,883,673.471.16%
2021$4,871,828,571.434.84%
2022$5,234,840,816.337.45%
2023$5,376,489,795.922.71%
2024$5,507,485,714.292.44%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1995 * 1995 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 147.000 in the year 1995 and 299.852 in 2024:

299.852 / 147.000 * $2,700,000,000 = $5,507,485,714.29

Therefore, according to U.S. Bureau of Labor Statistics, $2,700,000,000 in 1995 has the same "purchasing power" as $5,507,485,714.29 in 2024 (in the CPI category of Minneapolis-St Paul, Minnesota).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Minneapolis-St Paul, Minnesota in 1984. In addition to Minneapolis/St. Paul, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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